The fair consideration framework (FCF) job advertisement requirement is a requirement that companies will need to meet before they are allowed to submit an EP application to fill that position. For example, if a position is vacant in the company, that position will have to be advertised by the company for a certain period of time (currently this is set to 14 days), before the position can be filled by a foreigner. This is to ensure that the company considers hiring locals before they turn to hire foreigners. During the 14 days, the company should consider all local applicants. However, if after 14 days, no local candidates are suitable for the position, then this position can be filled by a foreigner. It is at this point that the company can submit the EP application for the foreign candidate. The portal that the advertisement should be advertised on is the MyCareers Future portal.
If your company meets any of these requirements, the company is exempt from the advertising requirement:
- Your company has fewer than 10 employees.
- The fixed monthly salary for the vacancy is $20,000 and above. (Note: From 1 Sep 2023, the salary threshold for exemption from FCF job advertising requirement will be raised to $22,500. This is benchmarked to the top 10% of EP holders.)
- The role is short-term, i.e. not more than 1 month.
- The role is to be filled by a local transferee.
If you need more information or assistance with the EP application or in fulfilling the advertising guidelines, please contact us at [email protected].